291. The collapse of the economy
291. The collapse of the economy

291. The collapse of the economy

Vienna 9/07/2022

Entire blog as a PDF eBook.

The international steel company ArcelorMittal announced on Friday the shutdown of one of its two blast furnaces in its steel works in Bremen. This is an effect of the increase in energy prices, triggered primarily by economic sanctions against Russia and the resulting decision to completely stop energy supplies from Russia.

On the German language ArcelorMittal website we read:

ArcelorMittal is taking action in Germany because not all plants can be operated economically. From the end of September, the Group will shut down one of the two blast furnaces at the Bremen flat steel site until further notice. In the Hamburg long steel plant, where ArcelorMittal produces quality wire rod, the direct reduction plant will also be shut down from the fourth quarter due to the current situation and the negative prospects. Short-time work is already in place in both plants, which must be expanded as a result of the upcoming measures. Due to the tense situation, short-time work is already being applied at the production sites in Duisburg and Eisenhüttenstadt.

Such a decision has serious economic consequences. ArcelorMittal contractors do not receive the ordered products and it becomes extremely difficult – probably impossible – for them to find another supplier of high-quality steel in a short time. As a result, there will be further closures of manufacturing plants, which will fall like dominoes one after the other.

When steel production collapses, the industry collapses and thousands of people lose their jobs.

Last month, one of the world’s largest fertilizer producers, Yara (in Norway), cut production due to rising natural gas prices.

Gas prices have risen by almost 40% since the beginning of August. Since the beginning of the year, gas prices have risen by almost 300%. Two Polish fertilizer companies have just closed for the same reason.

The lack of fertilizers directly leads to a decrease in production and, as a result, an increase in food prices.

In addition, Russia announced a total ban on natural gas exports to Europe until Western economic sanctions are lifted. This means that the Nord Stream 1 pipeline will now be closed because the NATO countries living in an imaginary world cannot correct their mistakes and withdraw from the erroneous sanctions against Russia.

No natural gas = no electricity or heat.

No matter how much natural gas is stored for the winter, Europeans face exorbitant costs and energy shortages on a scale not seen since the end of World War II.

Can this all be coincidence? I very much doubt it. It is enough to read Klaus Schwab’s book COVID-19: The Great Reset, published two years ago. There you will find information about which pillars of civilization are most important in influencing the fate of the world:

It is of no use to us if we direct our hatred towards Klaus Schwab. It is also a puppet in the hands of the world’s mighty financial powers. Creatures like George Soros, Bill Gates and Anthony Fauci are only candidates for surrogate victims should the globalists have to withdraw from the world power game. I’m not saying they are innocent – by no means, but they stood on the candlestick so that the gray eminences could safely and unnoticed pull the strings of these puppets.

A pyramid showing who really rules us.

Author of the article: Marek Wojcik

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